Facial Aesthetics Market By Product (Dermal fillers, Botulinum toxin, Microdermabrasion, Chemical peels, Others), By Application (Facial line correction treatment, Scar treatment, Lip enhancement, Restoration of volume or Fullness, Others), By End User (Specialty and Dermatology Clinics, Hospitals, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global facial aesthetics market was valued at $6,234.5 million in 2021, and is projected to reach $25,764.5 million by 2031, registering a CAGR of 15.5% from 2022 to 2031. Facial aesthetics is a non-surgical procedure that revitalizes the skin. It is a facial rejuvenation treatment that reduces signs of ageing on the face. Facial aesthetic procedures provide more youthful and radiant appearance. The treatment offers facial contouring, defines certain facial features and it can soften wrinkles. Non-surgical aesthetic treatment helps in lifting up the confidence of people by improving the smile or skin in and masking the effect of age in less complicated way. Facial aesthetic procedure helps reduce and eliminate facial lines and wrinkles, it can treat scar and blemishes, it removes thicker and uneven skin layer and has many other benefits. In addition, non-surgical aesthetic procedures ensure quicker recovery and lesser pain than traditional surgical cosmetic procedures.
The facial aesthetics market is driven by rise in shift of customers toward minimally invasive and non-invasive procedures, increase in number of non-surgical aesthetic procedures such as facial contouring, Botox, injections, facial fillers and other, rise in awareness regarding skin health, and surge in expenditure on human healthcare services boosts growth of the market. According to a report by the American society of plastic surgeons (ASPS), in 2020, it was reported that around 16 million cosmetic procedures are conducted, globally. As per the same source, it was also reported that consumers spent approximately $20 billion on facial aesthetics procedures globally for total consumers. Moreover, according to a report shared by American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS) in February 2022, total number of surgical and non-surgical procedures was 1.4 million in 2021, and have increased by 40% than 2020.
In addition, rise in number of botulinum toxin procedure which is also known as Botox injection anticipated to fuel the market growth. For instance, according to a report by Statista, published in 2021, botulinum toxin is the highest non-surgical procedure performed worldwide. Approximately 2.6 million botulinum toxin procedures were performed in 2020 across the globe. Moreover, rise in self-awareness among people regarding aesthetic appearance anticipated to propel the growth of facial aesthetics market. However, side effects associated with facial aesthetic procedures and high cost of procedures are anticipated to hinder the market growth during the forecast period. Side effects such as pain, swelling or bruising at injection site, skin rashes, skin infection hinder growth of the market. Development of products with advanced technologies for facial aesthetic procedures boost demand for facial aesthetics and provide growth opportunities for the facial aesthetics market. For instance, Galderma is a dermatology and pharmaceutical company, which received approval for two products. In May 2020, it received Food & Drug Administration (FDA) approval for restylane kysse, a new hyaluronic acid (ha) filler specifically designed and indicated to add fullness to lips and help smoothen wrinkles above the mouth.
The global facial aesthetics market is segmented on the basis of product, application, end user and region. The product segment is further classified into dermal fillers, botulinum toxin, microdermabrasion, chemical peels and others. On the basis of application, it is segmented into facial line correction treatment, scar treatment, lip enhancement, restoration of volume/ fullness and others.
On the basis end user, the market is categorized into specialty & dermatology clinics, hospitals and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global facial aesthetics market include AbbVie, Anika Therapeutics, Inc., Bausch Health Companies Inc., Candela Syneron, Cutera, Inc., Cynosure, Elan aesthetics, Evolus Inc., Fotona D.O.O, Galderma Laboratories, Ipsen, Johnson and Johnson, Merz Pharma, Revance Therapeutics, Sinclair Pharma, Teoxane, and Vital Esthetique.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the facial aesthetics market analysis from 2021 to 2031 to identify the prevailing facial aesthetics market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the facial aesthetics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global facial aesthetics market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
Dermal fillers
Botulinum toxin
Microdermabrasion
Chemical peels
Others
By Application
Facial line correction treatment
Scar treatment
Lip enhancement
Restoration of volume or Fullness
Others
By End User
Specialty and Dermatology Clinics
Hospitals
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest Of Europe
Asia-Pacific
China
Japan
India
Australia
Rest Of Asia Pacific
LAMEA
Brazil
Saudi Arabia
Colombia
Rest of LAMEA
Key Market Players
Abbvie Inc
merz pharma
galderma laboratories, l.p.
Candela Syneron
Vital Esthetique
Teoxane
Johnson and Johnson
Cynosure
Bausch Health Companies Inc.
Sinclair Pharmaceuticals Limited
ipsen
Fotona D.O.O
Elan aesthetics
Anika Therapeutics, Inc.
Cutera, Inc.
Evolus Inc.
Revance Therapeutics
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